“The midsized plan asset segment is representative of the DC
market segment in which the boutique DC consultant is most prevalent and
growing its marketshare,” Cerulli reports.
LIMRA
finds that consumers want a one-stop-shopping approach to financial advice,
which allows them to receive guidance on all aspects of their financial life
from a single source.
A new report, “Everything You Wanted to Know About BICE But Were Afraid to Ask,” offers plan officials key insights on the requirements of the fiduciary rule and the best-interest contract exemption.
In the midst of ongoing litigation regarding excessive fees,
plan sponsors need an understanding of the different fund share classes
available and how they affect fee structure.
“About 45% of households believe the financial advice they receive is free, or they are unsure whether they pay for financial advice, but there are several forces driving consumers’ attentiveness to fees,” according to a new study by Cerulli Associates.
A new survey finds that as implementation of the DOL’s fiduciary rule approaches, more than half of advisers expect to increase investment in client service and compliance technology.
As the implementation date for the Department of Labor (DOL)’s Conflict of Interest rule approaches, Capital One Investing will be moving away from commission-based products within its retirement-account services.
The investment advisery firm Edward Jones says it will look to grandfather IRA relationships acquired before April 2017, while also instituting some fundamental changes to process and product to comply with the new fiduciary rule for ongoing and new relationships.
Firms across the financial services spectrum are adapting to increased adviser teaming and the growing importance of partnership approaches to financial advice and institutional investment consulting.
Invesco has updated its DC Plan Analyzer application to include detailed cost benchmarking capabilities that allow advisers to deliver plan expense comparisons directly to sponsor clients.
Low
balance limits and initial investment hurdles in the President’s “myRA”
proposal will likely restrict the number of service providers bidding on
related contracts with the Treasury.